Australian news, and some related international items

Rather gloomy tidings, in the business pages lately, about BHP Billiton, about the huge expenses it was all set yo embark on, about the uncertainties of BHP’s share price. Very soft-pedalled – is the news about CEO Marius Kloppers pet project – to develop the world’s biggest man made hole, -also being the world’s biggest uranium mine.

Seems as though Mr Kloppers has dug himself into a bit of a hole, about this project. Even the South Australian government is now back-pedalling about its future – C.M

Write-down ‘not enough’ The Age, August 4, 2012 Paddy Manning “…. Mr Kloppers’ leadership has been questioned lately, with The Australian Financial Review reporting that a confidential, influential Corporate Confidence Index showed investors’ ratings of his performance had declined. His once sky-high rating in the category of CEO effectiveness is now down to a bit below average…..” http://www.theage.com.au/business/writedown-not-enough-20120803-23kz9.html#ixzz22cduUHyV